Coming up: Jobless claims, quarterly productivity

WASHINGTON (MarketWatch) - The U.S. government will release weekly jobless claims and a revision to first-quarter productivity at 8:30 a.m. Eastern. Economists surveyed by MarketWatch project jobless claims to decline to 418,000 from an originally reported 424,000 in the prior week. First-quarter productivity, meanwhile, is expected to be updated to a 1.7% increase from an initial reading of 1.6%. Unit-labor costs in the first quarter are likely to be revised down to a 0.7% increase from an initial reading of 1.0%, according to the MarketWatch survey.

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